Volumecandles — Indicators and Strategies

WPR Volume Candle [Atareum]AWPRVC (Atareum WPR Volume Candles) is clearly an awesome indicator produced by AtareumFX that is based on William’s Percent Range concepts by combination with volume. This is a new approach of volume candles that is combined with R% concepts and creates such a powerful tool to trace the market and assists traders to make better decisions surly and so much accurate. You can find this new indicator more useful because it has all benefits and advantages of William’s R% and cover its disadvantages. Also it is more powerful because of using volume in its calculations and generate a new candles which is more reliable and trustworthy. Concept: Using William’s Percent leading periods and calculations on redesigning new candles in combination with volume, that makes unique reform candles, but these new candles with their new cloud system clearly response to any reasonable price movement with so much information. As you know if use R% there are some misleading fake signals generate by oscillator, also it could not show any sign of price moving trend which is almost confusing for beginners or even a pro trader! And finally this oscillator is so sensitive to price change that is so creepy to use for most of traders. This new AWPRVC solve the problem and make all of them handy and useful for you. The cloud system which is designed in AWPRVC shows the price trend moving from Bearish Zone (-100 to -50 percent) to Bullish Zone (-50 to 0 percent). You can trust the lead moving forward of the clouds in two separate Top and Bottom (Bull and Bear) lines which solely determine the trend and power of price moving. When clouds are close to each other means we continue the trend and when they get far away from each other means we will face powerful trend in near future. If they are in Bearish Zone we continue the selling pressure and vice versa. Following picture shows good sample of Long and Short positions in compare with so many fake signals generated on original R%. Besides the cloud system of AWPRVC which is clearly show the price trend and it is completely enough for being sure about price moving trend, you can use moving average which is designated in it to confirm the price trend, also. Also you can see this new AWPRVC candle by using volume within its conformation, make reasonable price candles which is no so sensitive and so creepy and make your decisions come true in peace and clear sense of market moves. You can see following picture which is showing although the real price candles are so unclear and nonsense of making decision but the AWPRVC candles lead you to make true and trustable position. As you see this new combination of Williams R% oscillator with volume and also generating a perfect new cloud system will clearly help traders even pro to trust the signals and understand whole market movement better and all of original problems of R% solved and even make a most powerful, trustworthy and useful new indicator. Parameters: Section 1 : Candle colour setting for flourishing just as you desire ! Section 2 : Defining Periods of R% and source of candle data in combination with determining the smoothing type of moving averages and signal period. Section 3 : Select using Standard candles alongside with redesigned cloud calculation type and three additional moving averages which can plot on each newly generated candles and standard candles on a chart with the type mode defined in the previous section. Note: if you want to omit any or all of these moving averages, you can use 0 in period, instead of selecting "None" in the plot moving option! Usage : Overall: Regardless of the additional moving averages which will lead to so many situations of market according to their types and designs, that is four different period for new redesign AWPRVC and three period for standard chart. You can easily select periods and type for these moving averages. Also, do not forget that signal moving averages is shown only on AWPRVC chart and have two different colour for upward and downward trends. Other moving averages are plot by just one single colour. Cloud levels are so important because AWPRVC candles show respect to them and when they break the clouds upward or downward it is surly beginning of a trend. Do not forget we have 5 levels for tracing new AWPRVC candles move as follows : Ready for Short \ Long, Surly Short \ Long and Turn Trend which is in middle range of movement percent. Each level clearly shows what it means by its name. Support and Resistance: Any consolidation of AWPRVC candles in Ready for Short or Long Zones means the support or resistance level due to its nature, but important thing is how long the candles lasts in there or how many times repeated in the same level in AWPRVC chart zone in future. For plotting the support or resistance you should trace range of AWPRVC candles consolidated and plot zone in standard chart candles just like following picture. Divergence: When standard price candles move downward but we see upward trend in clouds of AWPRVC candles that means we should face Bullish Trend because of the divergence and vice versa. You can see perfect example in following picture. Signal: Alert of Long : Bullish candle cross both cloud down and up level simultaneously. Confirmed Long : AWPRVC candles cross up turn trend level and pullback to cloud up level. Take profit of Long: Any cross down of the AWPRVC candles from surly short level of chart. Alert of Short : Bearish candle cross both cloud up and down level simultaneously. Confirmed Short : AWPRVC candles cross down turn trend level and pullback to cloud down level. Take profit of Short: Any cross up of the AWPRVC candles from surly long level of chart. Notes: Use moving averages cross of standard chart candles as lead to be in positions more as they are good representative of trend. As long as AWPRVC candles or Cloud levels are in Bullish Zone, you can stay in Long positions. Cloud level thickness means the power of trend and can be use as confirmation of powerful trend, so when cloud levels tight or going to cross each other it means the trend is going to be reversed. It is the result of many years of experience in markets and there are so many details about this AWPRVC chart which I am in the experiment phase to publish in the future, so please help me with your ideas and do not hesitate to comment and inform me any suggestions or criticism.

Atareum Volume Ichimuku Candle AVIC (Atareum Volume Ichimoku Candles) is clearly an awesome indicator that is based on Ichimoku concepts by combination with volume. This is a new approach of volume candles that is combined with Ichimoku concepts and creates such a powerful tool to trace the market and assists traders to make better decisions, truly. Concept: Using Ichimoku leading periods and calculations on redesigning new candles in combination with volume, that makes unique reform candles on Tenkansen movement, but these new candles clearly omit noises in combination with volume, and then the new redesigned system of cloud calculations builds, new series of data for Senko Span A and Senko Span B which is so odd in first view, because they will barely ever cross each other, but they show very more informative and useful. Parameters: Section 1 : Candle colour setting for flourishing just as you desire ! Section 2 : Defining Periods of standard Ichimoku and source of candle data in combination with determining the smoothing type of moving averages and signal period. Section 3 : Select using Heikin Ashi based candles alongside with redesigned cloud calculation type and three additional moving averages which can plot on each newly generated candles and standard candles on a chart with the type mode defined in the previous section. Note: if you want to omit any or all of these moving averages, you can use 0 in period, instead of selecting "None" in the plot moving option! Usage : Overall: Regardless of the additional moving averages which will lead to so many situations of market according to their types and designs, that is four different period for new redesign AVIC and three period for standard chart. You can easily select periods and type for these moving averages. Also, do not forget that signal moving averages is shown only on AVIC chart and have two different colour for upward and downward trends. Other moving averages are plot by just one single colour. Cloud levels are so important because AVIC candles show respect to them and when they break the clouds upward or downward it's surly beginning of a trend that is may last long. Also when cloud levels flatten, it is determining a support or resistance according to up cloud or down cloud nature and as long as they will continue or repeated periodically on same level of AVIC chart, it will implement their weakness or strength. Support and Resistance: Any flattens of cloud up or down level means the support or resistance level due to its nature, but important thing is how long the cloud lasts flatten or how many times repeated in the same level in AVIC chart. For plotting the support or resistance you should trace first candle of start of flattens in standard chart just like following picture. Divergence: All Higher high or Lower low of standard chart has its reflect in AVIC chart but there is secret in it, It is named divergence. When standard chart price candles generating lower low but the AVIC chart candles do not cross the bottom, it means we will spike high as soon as AVIC candle chart complete its divergence. You can see perfect example in following picture. Cloud level Ends When cloud down level become flattens and cloud up level start a bull run it means we will face a great up trend movement but as soon as cloud down level starts to move up it mean we are going to finish the bull run and maybe it goes with consolidation phase or reversal phase. This reaction is exactly happen in vice versa for bear run trend. You can see both examples in following pictures. Note: if we face end of bull run and cloud down level make a U turn shape upside down it means we will have reversal phase even not too long but it is sharp and fast reversal. If cloud down level just turn right slightly, it means we should have consolidation phase, mostly or we can continue the last trend slightly. All these situations can happen in vice versa bear run. You can see example in following picture. Signals: Long but risky: You can go long when AVIC candles are green and be in position as long as they are not change in colour. Long and safe : You can go long when AVIC candles cross up cloud down level and be in position as long as AVIC candles cross down cloud up level. Long and sure: You can go long when AVIC candles cross up cloud up level and be in position as long as AVIC candles cross down cloud down level. Short but risky: You can go short when AVIC candles are red and be in position as long as they are not change in colour. Short and safe : You can go short when AVIC candles cross down cloud up level and be in position as long as AVIC candles cross up cloud down level. Short and sure: You can go short when AVIC candles cross down cloud down level and be in position as long as AVIC candles cross up cloud up level. Notice : Candles with large body are so strong but if a body candle is weak or flatten it may a signal of changing colour and direction, especially when using Heikin Ashi type. It is the result of many years of experience in markets and there are so many details about this AVIC chart which I am in the experiment phase to publish in the future, so please help me with your ideas and do not hesitate to comment and inform me any suggestions or criticism.

Volume-Blended Candlesticks [QuantVue]Introducing the Volume-Blended Candlestick Indicator, a powerful tool that seamlessly integrates volume information with candlesticks, providing you with a comprehensive view of market dynamics in a single glance. The Volume-Blended Candlestick Indicator employs a unique approach of projecting volume totals by calculating the total volume traded per second and comparing it to the time left in the session as well as the historical average length selected by the user. The indicator then dynamically adjusts the opacity of the candlestick colors based on the intensity of the projected volume. As volume intensifies, the candlestick colors become more pronounced, while low volume will cause colors to fade allowing you to visually perceive the level of buying or selling. One of the standout features of the Volume-Blended Candlestick Indicator is its ability to identify pocket pivots. A pocket pivot is an up day with volume greater than any of the down days volume in the past 10 days. By highlighting these pocket pivots on your chart, the indicator helps you identify potential stealth accumulation. In addition to blending volume with candlesticks and spotting pocket pivots, this versatile indicator provides you with an insightful table displaying key volume metrics. The table includes the average volume, average dollar volume, and the up-down volume ratio, allowing you to get a clear picture of buying and selling pressure. Settings Include: 🔹Sensitivty Level: Normal, More, Less 🔹Volume MA Length 🔹Toggle Color based on previous close 🔹Show or hide volume info 🔹Chose candlestick colors 🔹Show or hide pocket pivots 🔹Show or hide volume info table Don't hesitate to reach out with any questions or concerns. We hope you enjoy! Cheers.

High Volume Candles Detector - Open Source Code Greetings, fellow traders! Throughout my trading career, I've been intrigued by the dynamic interplay between candlestick patterns and trading volume. This fascination led me to develop an open-source indicator to help illuminate these patterns for the broader trading community. Upon researching the Public Library, I found that many indicators relating to candlestick/volume analysis are proprietary and not open-source. This discovery further fueled my commitment to contribute a free, accessible tool that traders of all levels can utilize in their technical analysis. Thus, I am excited to present to you our High Volume Bars Indicator. A unique tool that I believe fills a gap in the Public Library. I truly hope you find it beneficial in your trading journey and that it empowers you to make more informed decisions. Description: The High Volume Bars Detector is designed to help traders identify bars with significantly higher volume than the average. Users can filter in the settings menu: 1) The length of the Simple Moving Average (SMA) for volume, allowing you to define the average volume over a specific number of bars. 2) The Volume Multiplier, a factor that determines how much greater the volume of a bar should be compared to the SMA to qualify as a high-volume bar. 3) The Lookback Period, a specified number of candles used as a comparative benchmark for identifying the highest volume. 4) If the Volume bar is green or red, so if the candle price is --> close > open or open > close Examples to better understand the logic of the indicator: 1) Length of the Simple Moving Average (SMA) for Volume: This setting allows you to define the average volume over a specific number of bars. For instance, if you set the SMA length to 20, the indicator will calculate the average volume of the past 20 bars and use it as a baseline to identify high volume bars. 2) Volume Multiplier: This is a critical factor that determines the threshold for what constitutes a high-volume bar. If you set the volume multiplier to 2.0, for example, the indicator will flag any bar where the volume is twice the value of the SMA volume as a high-volume bar. 3) Lookback Period: This setting lets you specify the number of candles that the indicator should consider when determining the highest volume. For instance, if the lookback period is set to 14, the indicator will compare the volume of the current bar with the volumes of the previous 14 bars. If the current bar's volume is the highest, it will be flagged. 4) Volume Bar Color: This filter helps you identify whether a high-volume bar is bullish or bearish. If the bar is green (close > open), it suggests buyers were dominant during that period. If the bar is red (open > close), it suggests sellers had the upper hand. By setting this filter, you can choose to focus on high volume bars that are either bullish (green) or bearish (red) or both, depending on your trading strategy. Remember, these filters offer a level of customization that allows you to tailor the High Volume Bars Detector to your unique trading style and requirements. Always remember to adapt these settings to align with your overall trading plan and risk tolerance. Keep attention! It is important to note that no trading indicator or strategy is foolproof, and there is always a risk of losses in trading. While this indicator may provide useful information for making conclusions, it should not be used as the sole basis for making trading decisions. Traders should always use proper risk management techniques and consider multiple factors when making trading decisions. Support me:) If you find this new indicator helpful in your trading analysis, I would greatly appreciate your support! Please consider giving it a like, leaving feedback, or sharing it with your trading network. Your engagement will not only help me improve this tool but will also help other traders discover it and benefit from its features. Thank you for your support!

Volume Candlesticks [cajole] This script lets you create the equivalent of "volume candlesticks" in TradingView. "Volume candlesticks" normally vary their width according to the bar's volume. This script varies COLOUR instead of WIDTH. Bar charts are also supported. Candles/Bars are coloured by their distance from the average volume. You can also add a "huge volume" colour to further highlight the most extremely-high volume bars. Note that volume is extrapolated for incomplete bars by default. So, if the average volume of the past 10 days is 5M shares, and 5M shares trade in the first 10% of today's session, that bar will be coloured as though 50M shares have traded. Set the "Extrapolate" option to 1.0 to disable this. For this script to work properly, you should set TradingView's default candle/bar colours to be at least 20% transparent. By default, TradingView tends to overlay its own bars on top of indicators. Nerdy details: The script works best on a dark background, because it is easier to change the hue of white bars than of black bars. If you find a set of colours that work for white backgrounds, please comment with them! The geometric mean is used instead of the arithmetic mean, to keep the 'average' from being strongly influenced by spikes. Bars are then coloured by assuming a normal probability distribution and highlighting outliers. (This means that the first high-volume bars are coloured differently to later ones.)

+ ATR Support and Resistance This, a very different script from most of mine, is my attempt at making a useful, and not messy, support and resistance indicator. If you've never looked into trader xkavalis, and his scripts and discord, I would highly recommend it. He talks about "pay attention candles" a lot. It got me thinking about what those are. Best as I can tell all he means by that phrase is large, impulsive candles. Sometimes these lead to break outs of ranges, or they may signal tops, bottoms, or near-tops and bottoms. The only way I could make sense of this in a mathematical way was by using the average true range. Basically, any candle's true range outside of the ATR is considered a "pay attention candle," by my definition. This script originally began as just a candle coloring exercise with some optional shapes plotted above/below certain candles, but I quickly realized I wanted to draw lines or zones from these candles, so eventually, after many hours spent figuring out and learning 'line.new' and 'box.new' I got things sorted. Essentially, my line of thinking is that on impulsive candles down, the origin of the impulse is more important than the close (not always of course, as there are no unbreakable rules in what markets can do), and with impulsive candles up, the same theory applies. So, for upward impulsive candles I've marked out the zone from the open to the low as a support (until broken, in which case it may become resistance). For downward impulsive candles the zone encompasses the open to the high. I've given the option to plot a line from the close for all of these. It's turned off by default as it's just less stuff on the chart, but you may like it. The line length is customizable in a menu. It does funny things on low timeframes on forex and stock charts (long lines that result in chart compression), but for some reason very rarely on crypto charts. If someone who is smart (not me) and has much experience with pinescript could perhaps help me out with a fix for this, that would be great. I suspect it has something to do with my "bar_index_duration" that I defined using the time function, but I'm not sure how or why. Line length on time frames of one hour and up it is typically fine. Use the ATR multiple to change the sensitivity of the indicator. This is basically the determination of when a candle is beyond the ATR. A multiple of two is two times the ATR. With lower volatile pairs you can maybe make this lower. On lower time frames or with more volatile pairs (illiquid alts in particular) a higher multiple might serve better. I find the default 1.75 is mostly acceptable. As I started this I also thought adding some sort of volume information to the candles might be useful as well, so I added a simple candle coloring feature referencing the OBV and a 21 period EMA. Candles are colored based on the OBV's relation to its moving average. I added some plot shapes and candle coloring utilizing the RSI as well. Options to turn on or off shapes plotted for overbought and oversold across the top of the chart. The most interesting feature that I implemented here is a support/resistance zone around the centerline of the RSI. If the RSI is between 49 and 51 then you can have optional candle coloring, shapes plotted above the candles, and s/r zones drawn on the chart. In trending markets the centerline of the RSI will frequetly act as support or resistance, so by being alerted of this condition on the chart you can use that with actual levels marked off in order to help make a judgement on a trade. I think it's a nice addition, and an oft overlooked aspect of the usefulness of the RSI. I've also included a calculation, with candle coloring and/or plot shapes, for something like a stop run on high volume. The calculation for that is in its section below, and should be pretty self explanatory. Lastly, typing this as I'm posting it, this indicator could also be useful for helping to find placement for trailing a stop. Just a thought!